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For the week ended February 19, 2010 BSE Sensex and NSE Nifty gained 0.2% & 0.4% respectively in flat market.
Market was in caution mode a week before the Union Budget.
The BSE Banking Index, Bankex gained up 1.6%. HDFC Bank & Axis Bank stocks were up by 6%. Bank of Baroda gained 2.2%. However
stocks of OBC, Yes Bank, Union Bank of India lost around 3%. Bank of India was down by 2.6%.
For the week ended February 11, 2010 both BSE Sensex and NSE Nifty gained 2.3%. After nearly 1 month stocks rallied as the budget announcement dates comes closer.
The BSE Banking Index, Bankex closed up by 2%. The top banking stocks which gained were OBC (+ 7.4%), IOB (+ 4.9%), Andhra Bank (+ 4.6%), Union Bank of India (+ 4.1%) and PNB (+ 3.6%). Except for Karnataka Bank (- 1.5%) and Yes Bank (- 0.8%), other bank stocks maintained their levels.
For the week ended February 05, 2010 BSE Sensex closed lower by 3.5% and NSE Nifty was down by 3.3%. This was second straight week of losses.Over 1000 points or 6% decline seen in last 15 days. Market continue to be concerned about inflation and global markets.
The BSE Banking Index closed lower by 4.5%. Major losers in the banks were Karnataka Bank (-11.6%), Andhra Bank (-8.6%), Kotak Mahindra Bank (-8%), State Bank of India (-7.7%) and Bank of India stock was down by 7.5%.
For the week ended January 22, 2010 both BSE Sensex and NSE Nifty lost 4%.Indian markets witnessed correction after last year's good performance.
The BSE Banking Index was down by 1.1%. The top loser among bank stocks was Axis Bank, which lost 4.3% during the week. Yes Bank was down by 3%. Among public sector banks, OBC was down 4.1%, IOB lost 3.4% and SBI fell by 2.6%.
The top gainer was Federal Bank, which was up by 3.2%. Bank of Baroda, Bank of India & Canara Bank gained nearly 1.5%
For the week ended January 08, 2010 BSE Sensex fell 75 points to end at 17,540 while Nifty declined 18 points to end at 5,244.Interest rate concerns cast a shadow across equity markets after the central bank of china decided to tighten liquidity in the money markets.
Major losers in the banking stocks included- ING Vyasya Bank which was down by 5%, HDFC lost 1.7% and ICICI Bank was down 1% during the week ended January 08, 2010
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